GREENSTYLE
ActiveGREENSTYLE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.11M and a net result of €35k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 84% of 354 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▼-2
Solvency100▲+5
Growth43▼-19
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.03 against 3.54 in 2023; short-term debt: 13.9% and cash: 12.8% of total assets), and 24.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.7%
Return on assets
2.4%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
42 d early
2022
31 d early
2021
40 d early
2020
38 d early
2019
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€301k▼ 12.3%
2023 · €344k
2018: €349k
2019: €345k
2020: €353k
2021: €333k
2022: €437k
2023: €344k
2018 → 2024
EBIT margin
20.6%▼ 15.2pp
2023 · 35.8%
2018: 39.2%
2019: 36.3%
2020: 37.3%
2021: 33.7%
2022: 49.5%
2023: 35.8%
2018 → 2024
Net result
€35k▼ 52.7%
2023 · €74k
2018: €62k
2019: €48k
2020: €69k
2021: €55k
2022: €136k
2023: €74k
2018 → 2024
Working capital
€413k▼ 4.2%
2023 · €431k
2018: €399k
2019: €255k
2020: €248k
2021: €246k
2022: €371k
2023: €431k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€353k-€333k▼ 5.8%€437k▲ 31.4%€344k▼ 21.5%€301k▼ 12.3%
Equity€897k-€897k=€1.03M▲ 15.2%€1.11M▲ 7.1%€1.11M▲ 0.4%
Operating result€132k-€112k▼ 14.8%€217k▲ 93.0%€123k▼ 43.2%€62k▼ 49.6%
Net result€69k-€55k▼ 20.8%€136k▲ 149%€74k▼ 45.9%€35k▼ 52.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 50% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.47M
Fixed assets
€851k▼ 12.4%
Current assets
€616k▲ 2.6%
Equity and liabilities €1.47M
Equity
€1.11M▲ 0.4%
Debt
€356k▼ 23.5%
The debt ratio falls from 29.6% to 24.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€182k▼
2023 · €243k
Cash flow
€155k▼
2023 · €194k
Solvency
75.7%▲
2023 · 70.4%
Current ratio
3.03▼
2023 · 3.54
Quick ratio
3.03▼
2023 · 3.54
Debt / equity
0.32▼
2023 · 0.42
ROE
3.1%▼
2023 · 6.6%
ROA
2.4%▼
2023 · 4.7%
Interest coverage
8.82▼
2023 · 8.84
Debt
€356k▼
2023 · €466k
Debt ≤ 1 year
€204k▲
2023 · €170k
Debt > 1 year
€151k▼
2023 · €294k
Income taxes
€12k▼
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.57M€1.47M▼
Fixed assets21/28€971k€851k▼
Tangible fixed assets22/27€971k€851k▼
Land and buildings22-€0
Plant, machinery and equipment23€113k€102k▼
Leasing and similar rights25€858k€749k▼
Current assets29/58€601k€616k▲
Amounts receivable within one year40/41€454k€405k▼
Trade receivables40€17k€2k▼
Other amounts receivable41€437k€403k▼
Cash at bank and in hand54/58€142k€188k▲
Deferred charges and accrued income490/1€4k€24k▲
Equity and liabilities
Total equity and liabilities10/49€1.57M€1.47M▼
Equity10/15€1.11M€1.11M▲
Contributions10/11€551k€551k=
Capital10€551k€551k=
Issued capital100€551k€551k=
Reserves13€44k€46k▲
Non-distributable reserves130/1€44k€46k▲
Legal reserve130€44k€46k▲
Profit (loss) carried forward14€512k€515k▲
Amounts payable17/49€466k€356k▼
Amounts payable after more than one year17€294k€151k▼
Financial debts170/4€294k€151k▼
Leasing and similar obligations172€294k€151k▼
Amounts payable within one year42/48€170k€204k▲
Current portion of amounts payable after more than one year42€136k€143k▲
Financial debts43-€0
Other loans439-€0
Trade debts44€33k€29k▼
Suppliers440/4€33k€29k▼
Taxes, remuneration and social security45€836€1k▲
Taxes450/3€836€1k▲
Other amounts payable47/48-€30k
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20232024
Operating income70/76A€344k€301k▼
Turnover70€344k€301k▼
Operating charges60/66A€220k€239k▲
Services and other goods61€99k€118k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€120k=
Other operating charges640/8€1k€1k▲
Operating profit (loss)9901€123k€62k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Income from current assets751€3k€5k▲
Financial charges65/66B€28k€21k▼
Recurring financial charges65€28k€21k▼
Debt charges650€28k€21k▼
Other financial charges652/9€215€215▲
Profit (loss) for the period before taxes9903€98k€46k▼
Income taxes67/77€25k€12k▼
Taxes670/3€25k€12k▼
Tax adjustments and reversals of tax provisions77€716-
Profit (loss) for the period9904€74k€35k▼
Profit (loss) for the period to be appropriated9905€74k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€515k€546k▲
Profit (loss) brought forward from the previous period14P€442k€512k▲
Transfer to equity691/2€4k€2k▼
To the legal reserve6920€4k€2k▼
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
The notes to these accounts (31 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €35k ▼52.7%
Net result drops to €35k, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €136k ▲149%
Operating result €217k, net result €136k, both a record.
31-12
Financial
Equity above €1MEq €1.03M ▲15.2%
5 profitable years in a row build equity to €1.03M.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hooglede · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bruggesteenweg 2498830 HoogledeGround area
1.3 ha
Building footprint
1.1 ha
Volume, LiDAR
94,096 m³
2 parcels, Flanders · tallest building 16.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GREENSTYLE
since 20112.203.933.931
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005B0498/00L000 | Flanders | 1.3 ha | 1 · 1.1 ha | 16.3 m · 3 fl. |
| 36005A0497/00E002indicative | Flanders | 722 m² | 1 · 106 m² | 11.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Lowtide
BE 0883.744.927
Antwerpen · Eq €1.14M
Of 815 companies in sector 35110 we hold annual accounts for 631. 434 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-05-2011
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
33140Repair and maintenance of electrical equipment
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.